
Axa Investment Managers (Axa IM) has renewed its joint venture with Korean life insurer Kyobo Life. The joint venture, Kyobo Axa Investment Managers, focuses on asset classes such as equities, fixed income, and alternatives. The partnership is evenly split, with each party owning 50%. This strategic collaboration between Axa IM and Kyobo Life began in 2008. As of 30 June, Kyobo Axa IM managed assets worth approximately USD33bn. Jean-Christophe Menioux of Axa IM highlighted the venture's significance for their Asia Pacific strategy, while Dae-Kyu Cho from Kyobo Life emphasised the enhanced asset management capabilities the continued partnership would offer to Korean investors.